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Federal Reserve officials split on rate hikes as inflation pressure persists
The Federal Open Market Committee left the federal‑funds target range unchanged at 3.5 %‑3.75 % in its July 2026 meeting, but three members – Minneapolis President Neel Kashkari, Cleveland President Beth Hammack and Dallas President Lorie Logan – voted for a 0.25 percentage‑point increase. Kashkari said, “now is the time to start slowly moving rates up,” arguing that current policy is not restrictive enough. Fed Chair Kevin Warsh warned the central bank has “no tolerance for persistently elevated inflation” and signaled a possible September hike if inflation remains high. San Francisco President Mary Daly supported holding rates steady, noting that supply‑driven shocks are fading. Dallas President John Williams added the Fed will act if inflation does not ease. Fed Governor Lisa Cook cautioned that the margin to keep rates steady is shrinking and that a hike could be needed. Market pricing of a September hike rose to roughly 60 % according to CME FedWatch data, reflecting growing investor concern as oil prices stay above $100 a barrel.
Entities
2028 inflation target · Anna Paulson · Federal Open Market Committee · Federal Reserve · Jeff Schmid · John Williams · Kevin Warsh · Lisa Cook · Mary Daly · Neel Kashkari · United States
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 11 SOURCES] Williams warned the Fed will act with rate hikes if inflation does not move toward the 2% target. wdez.com · jack1065.com · wixx.com · www.cnbce.com · haber.doviz.com · +3 more
- [● 11 SOURCES] Williams said the current interest‑rate policy is well positioned to bring inflation back to target. wdez.com · jack1065.com · wixx.com · www.cnbce.com · haber.doviz.com · +3 more
- [● 11 SOURCES] John Williams forecasts inflation will come down in the second half of 2024 and further in 2025. wdez.com · jack1065.com · wixx.com · www.cnbce.com · haber.doviz.com · +3 more
- [DISPUTED] The Federal Open Market Committee left the federal funds target range unchanged at 3.50%‑3.75%. wdez.com · jack1065.com · wixx.com · www.cnbce.com · haber.doviz.com · +10 more
- [● 14 SOURCES] Supply shocks from the Iran war and trade tariffs are adding upward pressure on inflation. wdez.com · jack1065.com · wixx.com · www.cnbce.com · haber.doviz.com · +6 more
- [● 14 SOURCES] The inflation measure the Fed uses for its 2% target rose 3.7% year‑over‑year in June. wdez.com · jack1065.com · wixx.com · www.cnbce.com · haber.doviz.com · +6 more
- [● 11 SOURCES] John Williams said inflation pressures are expected to ease gradually. wdez.com · jack1065.com · wixx.com · www.cnbce.com · haber.doviz.com · +3 more
- [DISPUTED] Three Fed officials dissented from the FOMC meeting’s statements, calling for a rate hike. wdez.com · jack1065.com · wixx.com · www.cnbce.com · haber.doviz.com · +10 more
- [○ 1 SOURCE] Anna Paulson said she is keeping an open mind on policy and supports holding rates steady for now. srnnews.com
- [○ 1 SOURCE] Kansas City Fed President Jeff Schmid said tighter monetary policy is needed to bring inflation down to the 2% target. kelo.com
- [● 7 SOURCES] Jeff Schmid said tighter monetary policy is needed to bring inflation down to the Fed’s 2 % target. kelo.com · www.archyworldys.com · www.finansingundemi.com · kfgo.com · wxerfm.com · +1 more
- [● 2 SOURCES] The Fed left the federal‑funds target range unchanged at 3.50 %–3.75 % in July 2026. crypto.news